News Archives for Business & Finance - 2026-09-22

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Business & Finance - 2026-09-22

Pakistan

Govt cuts diesel price by Rs3.12, petrol by Rs1.70 per litre

New prices are effective until Wednesday, September 23

Published 22 Sep, 2026 10:52pm

Business & Finance

SECP proposes more insurance tribunals, digital complaint system

The regulator also proposes expanding the scope and geographical coverage of SDRCs

Published 22 Sep, 2026 07:06pm

Companies

Mediavest crowned No. 1 agency at Dragons of Pakistan

Mediavest, the media agency of Brainchild Communications Pakistan, has been named the No. 1 Agency at the Dragons of...

Published 22 Sep, 2026 06:38pm

Stocks

Gulf stocks mixed ahead of potential US-Iran UN talks

Saudi Arabia’s benchmark index finished flat, with Al Rajhi Bank losing 2.4%

Published 22 Sep, 2026 06:36pm

Stocks

Broad gains boost Sri Lankan shares

CSE All Share index settled up 0.36% at 21,054.01

Published 22 Sep, 2026 06:24pm

Commodities

Copper pushes higher on Chinese buying, capped by firm dollar

Benchmark three-month copper on the London Metal Exchange was up 0.7% at $14,770 a metric ton

Published 22 Sep, 2026 04:34pm

Companies

CCP fines 3M Pakistan Rs10mn over Scotch-Brite ‘deceptive marketing’

CCP held that a comparison of competing products made without a reasonable basis or recognisable substantiation may constitute false or misleading advertising

Published 22 Sep, 2026 04:29pm

Commodities

Palm hits over 5-week low on rising stock expectations, subdued demand

Dalian’s most-active soyoil contract rose 0.54%

Published 22 Sep, 2026 04:15pm

Companies

India's aviation regulator places SpiceJet under operational, financial scrutiny

India's aviation ministry is scrutinizing SpiceJet's operations and finances due to severe cash flow troubles, prioritizing passenger safety

Published 22 Sep, 2026 04:12pm

Forex

Indian rupee sways with oil and intervention cues, keeping traders light-footed

Indian rupee rose 0.2% to end at 95.59 per dollar

Published 22 Sep, 2026 04:08pm

Commodities

Gold sheds Rs1,800 per tola in Pakistan

International rate of gold declines by $18 to reach $4,332 per ounce

Published 22 Sep, 2026 04:06pm

Stocks

Indian shares fall as IT drags; oil slides ahead of potential US-Iran talks

Nifty 50 fell 0.36% to 23,329 and the BSE Sensex lost 0.44% to 74,529.08

Published 22 Sep, 2026 04:05pm

Exchange

Rupee records gain against US dollar

Settles at 277.21

Updated 22 Sep, 2026 06:35pm

Health & Wellness

Medical reps key to bridging pharma-physician gap despite restrictions

A weak system sometimes makes it difficult for MRs to fulfill their responsibilities, says Zahoor Ahmed

Published 22 Sep, 2026 03:26pm

Companies

FrieslandCampina Engro Pakistan names ex-Fauji Foods chief as new CEO

Usman Zaheer Ahmad, who resigned as chief executive officer of Fauji Foods Limited last week, has been appointed CEO...

Published 22 Sep, 2026 03:05pm

Business & Finance

BoI chief says govt fails to address business community issues

Federal Minister for the Board of Investment (BoI) Qaiser Ahmed Shaikh expressed grave concerns that the business...

Updated 22 Sep, 2026 04:03pm

Companies

Fauji Cement to install battery storage, solar power at two plants

Project is expected to be completed within 10 months from its start date

Published 22 Sep, 2026 01:26pm

Companies

SIFC launches ticketing hub to strengthen investor facilitation

The platform supports systematic processing and follow-up

Published 22 Sep, 2026 12:57pm

Forex

South African rand subdued as investors eye US-Iran talks, domestic events

The rand traded at 16.2825 against the dollar , 0.2% weaker than its previous close

Published 22 Sep, 2026 12:35pm

Business & Finance

Govt to establish 100-acre mariculture estate at Korangi harbour

The estate would have four principal zones, including a 30-acre mariculture zone

Published 22 Sep, 2026 12:21pm

Stocks

Australian shares inch higher on gains in banks and miners

The S&P/ASX 200 index climbed 0.3% to 8,759.60

Published 22 Sep, 2026 11:31am

Stocks

South Korean shares climb nearly 2% as Wall Street rally boosts sentiment

The benchmark KOSPI was up 135.91 points, or 1.94%, at 7,143.63

Published 22 Sep, 2026 11:29am

Companies

Fauji Foods CEO Usman Zaheer resigns

Fauji Foods Limited said Chief Executive Officer (CEO) Usman Zaheer Ahmad has resigned, effective September 18, and...

Published 22 Sep, 2026 11:26am

Forex

Thai baht/US dollar steady on Tuesday

The baht was 0.02% lower at 33.25 versus the dollar, after trading in a range of 33.215 to 33.310

Published 22 Sep, 2026 11:26am

Markets

How a Bangladeshi garment-maker is fighting the Middle East energy crunch

The factories also reported shipment delays and discounted orders to buyers

Published 22 Sep, 2026 11:24am

Commodities

Palm rebounds on firmer crude, soyoil; weak Dalian olein caps gains

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 20 ringgit, or 0.41%, to 4,877 ringgit ($1,197.10) a metric ton

Published 22 Sep, 2026 11:13am

Commodities

Chicago soybeans edge lower ahead of Trump-Xi meeting

The most-traded soybeans on the Chicago Board of Trade slipped 0.2% to $13.25-3/4 a bushel

Published 22 Sep, 2026 11:12am

Forex

China's yuan hits 3-1/2-year high as PBOC extends fixing streak ahead of Xi-Trump meeting

Its offshore counterpart last fetched 6.6965 per dollar

Published 22 Sep, 2026 10:56am

Commodities

Copper rises on strong China demand

Three-month copper on the London Metal Exchange was up 0.61% at $14,750.5 a metric ton

Published 22 Sep, 2026 10:54am

Stocks

China, Hong Kong stocks gain as AI shares rally ahead of Xi-Trump meeting

The benchmark Shanghai composite index inched up 0.2% and the blue-chip CSI300 index gained 0.5%

Published 22 Sep, 2026 10:50am

Mutual Funds

Indian bonds steady as RBI rate hike expectations strengthen

The benchmark 6.94% 2036 bond yield was at 7.0516%

Published 22 Sep, 2026 10:26am

Stocks

PSX: Buying continues, KSE-100 settles with nearly 250 points gain

Benchmark index settles at 171,402.08

Updated 22 Sep, 2026 06:06pm

Markets

Pakistan moves towards regulated virtual assets, says Aurangzeb

Finance minister highlighted Pakistan’s climate vulnerability, disaster-response priorities, and the opportunities

Published 22 Sep, 2026 10:08am

Forex

Indian rupee to edge higher as oil slips; inflow haul caps bearish bets

The Indian central bank has been intervening frequently in the FX market to support the rupee and traders expect this to ⁠persist

Published 22 Sep, 2026 08:22am

Stocks

Tech rally boosts Asian stocks, dollar firms on rate-hike wagers

MSCI's broadest index of Asia-Pacific shares outside Japan rose over 1% in early trading

Published 22 Sep, 2026 08:09am

Forex

Yen squeezed as hawkish turn grips central banks

Other currency pairs were mostly steady, with the euro at $1.1467, though cryptocurrencies have rallied in the past day to lift bitcoin to an eight-month high above $87,000

Published 22 Sep, 2026 08:05am

Markets

Alibaba plans AI model with 5 trillion to 10 trillion parameters, unveils new chip

Alibaba said it aimed for Alibaba Cloud global ⁠data centre capacity to surpass 20 GW ⁠by 2032

Published 22 Sep, 2026 08:00am

Markets

New Zealand central bank chief sees risks to economy, inflation

'Recent increases in global oil prices and longer-term interest rates reflect the challenging environment we face,' Breman said

Published 22 Sep, 2026 07:57am

Stocks

Indian shares likely to open higher on easing oil prices, bond yields

GIFT Nifty futures were at 23,500 points

Published 22 Sep, 2026 07:54am

Energy

Oil falls to two-week low as Gulf supply outlook improves

Brent crude futures November contract was down $2.11, or 2.1%, to $98.23 a barrel

Updated 22 Sep, 2026 06:29pm

Bullion Rate

Gold muted as higher-for-longer rate outlook weighs

Spot gold was little changed at $4,344.29 per ounce

Updated 22 Sep, 2026 11:33am

Agriculture and Allied

TCP finalises deals for wheat import

KARACHI: The Trading Corporation of Pakistan (TCP) has finalised deals for the import of 365,000 metric tons of...

Published 22 Sep, 2026 06:37am

Business & Finance

Aurangzeb highlights shift to regulated virtual assets framework

NEW YORK: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, in his opening remarks at the...

Published 22 Sep, 2026 06:36am

Business & Finance

Pakistan secures another Qatari LNG cargo

LONDON: Pakistan has negotiated with Iran to secure safe passage through the Strait of Hormuz for another liquefied...

Published 22 Sep, 2026 06:26am

Business & Finance

PC receives 10 EOIs for the IESCO acquisition

ISLAMABAD: The Privatisation Commission (PC) on Monday received ten (10) Expressions of Interest (EOIs) from...

Published 22 Sep, 2026 06:18am

Business & Finance

Pakistan, EU sign three grant agreements worth €65m

ISLAMABAD: The Government of Pakistan and the European Union (EU) on Monday signed three grant agreements worth a...

Published 22 Sep, 2026 05:15am

Energy

Oil price dips to USD100

NEW YORK: Oil prices eased on Monday to their lowest level in 12 days, as investors hoped for diplomatic progress on...

Published 22 Sep, 2026 05:15am

Energy

Petrol price up by Rs4.61, HSD’s down by Rs1.96

ISLAMABAD: The government has increased the ex-depot price of petrol by Rs4.61 per litre from Rs389.14 to Rs393.75...

Published 22 Sep, 2026 05:15am

Companies

Paramount settles with US states to clear Warner Bros mega-merger

LOS ANGELES, (United States): Paramount has reached a settlement with a group of US states that clears the way for...

Updated 22 Sep, 2026 06:31am

Business & Finance

Seafood industry enters Russian markets

KARACHI: Pakistan’s seafood industry is expanding its footprint in international markets, with Pakistani seafood...

Published 22 Sep, 2026 05:15am

Money & Banking

ABHI Microfinance Bank, SOS Group & South Air partner to offer advance salary solutions

KARACHI: ABHI Microfinance Bank its partnered with SOS Group and South Air to introduce Advance Salary solutions for...

Published 22 Sep, 2026 05:15am

Companies

SE Fruits, Vegetable IPO book-building process begins

KARACHI: The two-day book-building process for the Initial Public Offering (IPO) of SE Fruits and Vegetable Limited...

Published 22 Sep, 2026 05:15am

Business & Finance

Stronger export-oriented economy key to achieving economic strength: Ahsan

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has said that continuity...

Published 22 Sep, 2026 05:15am

Business & Finance

Fed, BoE probe banks’ exposure to trading firms

WASHINGTON: The US and UK central banks have asked global banks about their exposures to large trading firms after...

Published 22 Sep, 2026 05:15am

Business & Finance

BMG vows fight for Karachi’s economic rights

KARACHI: The Businessmen Group (BMG) leadership of the Karachi Chamber of Commerce and Industry (KCCI) has renewed...

Published 22 Sep, 2026 05:15am

Companies

Junaid named Engro president, CEO

KARACHI: The Board of Directors of Engro Corporation Limited has approved Junaid Iqbal as the successor to Ahsan...

Published 22 Sep, 2026 05:15am

Industry

PFVA supports BMG in KCCI polls

KARACHI: Waheed Ahmed, Patron-in-Chief of the All Pakistan Fruit & Vegetable Exporters, Importers &...

Published 22 Sep, 2026 05:15am

Companies

HBL, UPI sign MoU on strategic cooperation

SHANGHAI: HBL and UnionPay International (UPI) signed a Memorandum of Understanding (MoU) on strategic cooperation,...

Published 22 Sep, 2026 05:15am

Business & Finance

Murad calls for expanded China-Sindh cooperation

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Monday congratulated the government and people of China on the...

Published 22 Sep, 2026 05:15am

Business & Finance

PAFO demands release of tax directories of parliamentarians

ISLAMABAD: The Professional Accountants Forum, Pakistan (PAFO) has urged the Finance Ministry and Federal Board of...

Published 22 Sep, 2026 05:15am

USA

US Treasury chief says Iran airlines to be 'shut down' Sept 23

US sanctions on Iran's aviation industry and Bessent's "economic D-Day" threat on Iran and pledge to choke off Tehran financially.

Updated 22 Sep, 2026 08:15am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 2	277.27
USD PKR Interbank Buying / Oct 2	277.07
USD to Japanese Yen / Oct 2	157.85
USD to Swiss Franc / Oct 2	0.83
Pound Sterling to USD / Oct 2	1.32
Euro to USD / Oct 2	1.13
SOFR % / Oct 1	3.87

Stock	Volume
India Sensex / Oct 1	71,909.70
S&P 500 / Oct 2	7,722.72
Tokyo Nikkei / Oct 2	68,309.46
Nasdaq / Oct 2	27,190.86
Hang Seng / Oct 2	23,972.29
FTSE 100 / Oct 2	10,461.95
Dow Jones / Oct 2	51,176.96
Germany DAX 30 / Oct 2	25,231.20
France CAC40 / Oct 2	7,897.19

Item	Value
Crude Oil USD/Barrel / Oct 2	91.11
Karachi Cotton PKR/37.32 KG / Oct 2	18,280
Gold 10 Grams PKR / Oct 2	377,774
Gold Spot USD/Ounce / Oct 2	4,141.19
Cotton US¢/pound / Oct 2	78.88
Petrol/Litre / Oct 3	392.76
Diesel/Litre / Oct 3	399.64

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Oct 2 Dewan Sugar Mills Limited(DWSM)	7.21 ▲ 1 (16.1%)
Apna Microfin. / Oct 2 Apna Microfinance Bank Limited(AMBL)	19.88 ▲ 1.81 (10.02%)
Dandot Cement / Oct 2 Dandot Cement Company Limited(DNCC)	19.87 ▲ 1.81 (10.02%)
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	17.25 ▲ 1.57 (10.01%)
Arpak Int. / Oct 2 Arpak International Investments Ltd.(ARPAK)	141.82 ▲ 12.89 (10%)
First Imrooz Mod. / Oct 2 First Imrooz Modaraba(FIMM)	315.63 ▲ 28.69 (10%)
Mandviwala / Oct 2 Mandviwala Mauser Plastic Industries(MWMP)	93.26 ▲ 8.48 (10%)
Noon Sugar / Oct 2 Noon Sugar Mills Limited(NONS)	87 ▲ 7.91 (10%)
Towellers Ltd. / Oct 2 Towellers Limited(TOWL)	132.36 ▲ 12.03 (10%)
Kohinoor Energy / Oct 2 Kohinoor Energy Limited(KOHE)	16.76 ▲ 1.52 (9.97%)

Stock	Price
F.Credit & Inv / Oct 2 First Credit and Investment Bank Limited(FCIBL)	35.70 ▼ -3.97 (-10.01%)
Ashfaq Textile / Oct 2 Ashfaq Textile Mills Limited(ASHT)	40.96 ▼ -4.55 (-10%)
Asim Textile / Oct 2 Asim Textile Mills Limited(ASTM)	112.10 ▼ -12.46 (-10%)
Buxly Paints / Oct 2 Buxly Paints Limited(BUXL)	418.57 ▼ -46.51 (-10%)
First Tri-Star Mod. / Oct 2 First Tri-Star Modaraba(FTSM)	39.63 ▼ -4.4 (-9.99%)
First Punjab Modaraba / Oct 2 First Punjab Modaraba(FPJM)	23.53 ▼ -2.61 (-9.98%)
Dadex Eternit / Oct 2 Dadex Eternit Limited(DADX)	131.41 ▼ -12.77 (-8.86%)
Barkat Frisian Agro / Oct 2 Barkat Frisian Agro Limited(BFAGRO)	28.51 ▼ -2.71 (-8.68%)
JS Global Cap. / Oct 2 JS Global Capital Limited(JSGCL)	137.38 ▼ -12.15 (-8.13%)
Oilboy Energy / Oct 2 Oilboy Energy Limited(OBOY)	17.03 ▼ -1.35 (-7.34%)

Stock	Volume
F. Nat.Equities / Oct 2 First National Equities Limited(FNEL)	42,508,520 ▲ 0.01
WorldCall Telecom / Oct 2 Worldcall Telecom Limited(WTL)	40,080,634 ▲ 0
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	29,509,663 ▲ 1.57
First Punjab Modaraba / Oct 2 First Punjab Modaraba(FPJM)	28,172,021 ▼ -2.61
Kohinoor Spinning / Oct 2 Kohinoor Spinning Mills Limited(KOSM)	25,073,393 ▼ -0.27
K-Electric Ltd. / Oct 2 K-Electric Limited(KEL)	23,525,673 ▼ -0.09
Pak Int.Bulk / Oct 2 Pakistan International Bulk Terminal(PIBTL)	22,226,008 ▼ -0.51
Cnergyico PK / Oct 2 Cnergyico PK Limited(CNERGY)	20,891,792 ▼ -0.26
Pak Refinery / Oct 2 Pakistan Refinery Limited(PRL)	17,786,560 ▼ -0.87
Tasdeeq Info. Serv. / Oct 2 Tasdeeq Information Services Limited(TISL)	12,475,872 ▼ -0.11

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